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IRB Infrastructure Developers reports 95% jump in Q3 consolidated net profit

14 Feb 2023 Evaluate

IRB Infrastructure Developers has reported results for third quarter ended December 31, 2022 (Q3FY23).

The company has reported over 4-fold jump in its net profit at Rs 63.37 crore for Q3FY23 as compared to Rs 14.54 crore for the same quarter in the previous year. Total income of the company increased by 90.59% to Rs 1,048.28 crore for the quarter under review as compared to Rs 550.02 crore for the same quarter in the previous year.

On the consolidated basis, the company has reported 94.50% jump in its net profit at Rs 141.36 crore for Q3FY23 as compared to Rs 72.68 crore for the same quarter in the previous year. Total income of the company increased by 4.83% to Rs 1,570.19 crore for the quarter under review as compared to Rs 1,497.79 crore for the same quarter in the previous year.

Peers
Company Name CMP
Larsen & Toubro 3819.50
Kalpataru Projects 1390.30
NCC 135.00
Rail Vikas Nigam 197.10
KEC International 397.60
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